Analysts to Keep an Eye on Michigan in Wake of Job Losses

Carvlin, Elizabeth
January 2006
Bond Buyer;1/25/2006, Vol. 355 Issue 32305, p32
Trade Publication
This article reports that rating agency analysts in Michigan will watch how Michigan make Ford Motor Co. job cuts in spending to offset what is projected to be moderate revenue growth. Ford will be closing its Wixom in Oakland County factory which will be a loss of 1,567 jobs. The budget has been balanced for the current fiscal year. However, as per analysts, as the state is facing the pressure of growing expenses in the coming years, the effect of job losses could be more of significance.


Related Articles

  • Ford to cut about 950 jobs in Russia.  // Regional Today;4/3/2014, p3 

    The article reports on the job cuts made by partners, Ford Motor Co. and Russia's OAO Sollers.

  • Ford cuts 640 jobs in Australia.  // Human Resources Magazine;Dec2006/Jan2007, Vol. 11 Issue 5, p13 

    The article reports on the decision of automaker Ford to cut 640 jobs from its Victorian factories in voluntary redundancies. According to the company, the job cuts are a reaction to the changing consumer demand. President Doug Cameron of the Australian Manufacturing Workers' Union (AMWU) claims...

  • CAR INDUSTRY CUTBACK. Lindhe, Jane // BRW;10/23/2008, Vol. 30 Issue 42, p21 

    The article reports that the Australian unit of the automobile company, Ford, will cut another 450 jobs. According to Ford, the global economic crisis has inflated its financial problems. It will also close its engine plant in Geelong, Victoria. Rival car manufacturer Holden is also experiencing...

  • Ford Grants Separation Pay to White-Collar Force.  // Labor Law Journal;Nov55, Vol. 6 Issue 11, p805 

    The article reports that the salaried workers at the Ford Motor Co. with at least one year of service will get separation pay if laid off because of a reduction in force or inability to perform duties assigned to them under a recently adopted plan. One month's salary will be paid for one year's...

  • Ford: On track to cut capacity.  // Automotive News;8/14/2006, Vol. 80 Issue 6216, p50 

    The article reports that Ford Motor Co. is planning to cut its North American assembly capacity by 700,000 units by the end of 2006. The cuts follow Ford's Way Forward restructuring plan, under which the company plans to close 14 factories and cut as many as 30,000 manufacturing jobs through...

  • Basic info on termination. Hartley, Thomas // Buffalo Law Journal;3/9/2009, Vol. 81 Issue 20, p4 

    The article discusses the factors to be considered by the employers and employees in corporate downsizing in the U.S. An employer must see to it that the dismissed employees will receive their pension benefits and severance packages. General Motors Corp. and Ford Motor Co. are some of the...

  • Ford may slash more white-collar jobs. Wilson, Amy // Automotive News;7/25/2005, Vol. 79 Issue 6158, p42 

    This article reports that Ford Motor Co. isn't ruling out deeper white-collar job cuts that it announced previously. In April, Ford said it would eliminate about 1,000 salaried positions in North America. It followed in June with plans to cut another 1,700 jobs, or 5 percent of its U.S. salaried...

  • View from Europe: GM cuts are overdue.  // Automotive News;11/15/2004, Vol. 79 Issue 6121, p14 

    This article reports that in recent years, Ford Motor Co., which owns Ford of Europe, has been in the hot seat for closing plants and strong-arming suppliers into signing agreements with restrictive new terms and conditions. Now it's General Motors' turn; its GM Europe division has failed to...

  • Ford deal won't save Visteon from job cuts. Kosdrosky, Terry // Crain's Detroit Business;5/30/2005, Vol. 21 Issue 22, p25 

    The article reports on Visteon Corp.'s take-over by Ford Motor Co. Despite a pending agreement where Ford would take over 24 unprofitable plants and 17,400 hourly workers, Visteon's North American operations still does not seem to be profitable. If the plan is approved by union members at the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics